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An announcement from Apollo Micro Systems Ltd. ( (IN:APOLLO) ) is now available.
Apollo Micro Systems has secured two technology transfer approvals from India’s Defence Research & Development Organisation in the fast-evolving field of Directed Energy Weapon systems. The grants cover a multi-channel 10 kW laser-directed energy weapon platform from DRDO’s CHESS lab in Hyderabad and an electro-optical tracking system with EO sensors for DEW from DRDO’s IRDE lab in Dehradun. These technologies will allow the company to design, manufacture and support critical DEW subsystems, bolstering its capabilities in high-energy laser engagement and precision tracking solutions and deepening its role in India’s indigenous advanced weapon systems ecosystem, in line with national defence priorities and self-reliance goals.
More about Apollo Micro Systems Ltd.
Apollo Micro Systems Limited is a Hyderabad-based defence electronics and systems company focused on designing and manufacturing advanced technology solutions for Indian defence applications. The company’s offerings include high-technology subsystems and systems for strategic sectors, increasingly aligned with emerging areas such as directed energy weaponry and electro-optical tracking, in support of India’s defence indigenisation and Atmanirbhar Bharat initiatives.
Average Trading Volume: 436,885
Technical Sentiment Signal: Buy
Current Market Cap: 79.83B INR
Find detailed analytics on APOLLO stock on TipRanks’ Stock Analysis page.